The Board is responsible to shareholders for the proper management of the Group.

The Board meets at least quarterly and as issues arise which require Board attention. The Board has a formal schedule of matters specifically referred to it for decision. In addition to those formal matters required by the Companies Act to be set before a board of directors, the Board will also consider strategy and policy, acquisition and divestment proposals, approval of major capital investments, risk management policy, significant financing matters and statutory shareholder reporting.